
Argentine authorities have asked to use US$7.5 billion of the US$50 billion financing deal signed with the International Monetary Fund to fund their budget, IMF Managing Director Christine Lagarde said in a statement. Argentina’s Finance Ministry said in a separate statement that the funds would be sold on the market through pre-announced daily auctions conducted by the central bank.

Argentine president Mauricio Macri was detected a benign cyst in the pancreas, according to an official release from the Executive Office. The condition was discovered during a routine medical checkup last 23 May and following clinical studies including a magnetic resonance, the diagnosis was confirmed but a treatment is not necessary, although he will continue under medical monitoring.

The lower house of Argentina’s Congress on Thursday narrowly passed a Bill to legalise abortion through 14 weeks of pregnancy after a tight vote on a proposal that has divided the South American nation.

The Falkland Islands Executive Council agreed on Wednesday to appoint a preferred airline operator to provide the second midweek flight between the Falkland Islands and South America.

Argentina's leading labor federation announced plans to stage a one-day general strike on June 25 to protest against government economic policies, raising pressure on President Mauricio Macri as he moves to speed up spending cuts to balance the budget.

Argentina's Lower House will vote on Wednesday a bill to decriminalize elective abortion without judicial authorization in the first 14 weeks of pregnancy. In Argentina abortion is only allowed when the mother's life is at risk or as a result of rape.

Argentina believes that the new climate in bilateral relations with the United Kingdom, started in 2016, will enable to advance in areas of common interest, particularly in the South Atlantic, and will signify the appropriate framework for the resumption of negotiations on the Malvinas Islands question, according to the terms established by United Nations resolutions.

The constructive spirit and pragmatic attitude towards Argentina/United Kingdom relations and shared interests seems to have spilled positively to international forae, for example the latest OAS general assembly declaration regarding the Malvinas Islands, which does not mention “militarization of the South Atlantic or nuclear arms”, as was common in the Kirchner couple years, and rather keeps to the traditional annual disputed sovereignty claim under the umbrella of the United Nations.

The Argentine authorities and IMF staff have reached an agreement on a 36-month Stand-By Arrangement (SBA) amounting to US$50 billion (equivalent to about SDR 35.379 billion or about 1,110% of Argentina’s quota in the IMF). This staff-level agreement will be subject to approval by the IMF’s Executive Board, which will consider Argentina’s economic plan in the coming days.

Queen Maxima of the Netherlands is mourning the loss of her younger sister Inés Zorreguieta, who has passed away at the age of 33. Local Argentine media have reported that Inés died of an apparent suicide. She was found at her home on Wednesday night in Buenos Aires. Inés, who worked for the government, is believed to have suffered from depression and mental health issues.